A fellow blogger from Calafia Beach Pundit, Stott Grannis put this chart our recently.
Baker Hughes US Rig Count
This is really amazing.
T Boone Pickens recently stated that the Rig count would fall by 50% and we would be at $100/ barrel oil by the end of 2015.
In my opinion, both of Boones statements are a bit aggressive, but there is no denying capitalism is at work.
Have a great Day!
John A. Kvale CFA, CFP
$treet-¢ents 
T. Boone Pickens “Taps Out”
We just could not resist — Hopefully T. Boone does not read this post !
After calling for $100 oil by end of the year – then revised to $70, recently on Bloomberg TV, he stated he is out of the Oil trade!
T. Boone Taps Out
Looks like to me the tall guy holding the leg is oil — T. Boone, is of course the one Tapping Out! YIKES!!!
Love those aggressive forecasts !! We are watching !
John A. Kvale CFA, CFP
http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225
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Posted in Forecast, Investing/Financial Planning, Market Comments
Tagged Forecast, Oil, T Boone, T. Boone Pickens